Free CTFA Exam Braindumps
Certified Trust and Financial Advisor (CTFA) Questions 131–135 (page: 28)

Updated On: 9-Feb-2026

Coupon rate is paid until the bond.

  1. Matures
  2. Expires
  3. Is sold
  4. Reach to its half life to maturity

Answer(s): A



Bond's par value is known as value.

  1. Call
  2. Maturity
  3. Face
  4. Coupon

Answer(s): C



Time consumed in clearing a check through the banking system.

  1. Processing float
  2. Deposit float
  3. Collection float
  4. Availability float

Answer(s): D



Commercial paper is essentially:

  1. Another form of junk bond
  2. A short-term unsecured corporate IOU
  3. An intermediate-term corporate bond
  4. A certificate that may be exchanged for a share of common stock at a specified future date

Answer(s): B



Concentration banking:

  1. Increases idle balances
  2. Moves excess funds from a concentration bank to regional banks
  3. Is less important during periods of rising interest rates
  4. improves control over corporate cash

Answer(s): D



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